RE:RE:A massive dilution of shares proposed by management The News release details management "has arranged a non-brokered private placement of 50 million units ("Units") at a price of $0.06 per Unit for aggregate gross proceeds of $3,000,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one transferable Share purchase warrant of the Company ("Warrant").
This means the deal hhas been bought by a number of investors. Unless they decide to increase the PP it is a completed transaction